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Get Started with Square Loans

Square Loans provides access to funds to help you grow your business. Because we know each individual business is unique, eligible Square sellers are extended offers for Square Loans that are personally tailored. You can use Square Loans to increase inventory, buy equipment, or hire more employees, whatever you need to help your business grow and succeed.

Square Loans is a product made with the same simplicity of all Square products:

  • There is no lengthy application, just a few clicks on your online Square Dashboard.

  • Your funds are deposited in your bank account as soon as the next business day.

  • Repayment occurs as a fixed percentage of your daily card sales.

  • You pay one loan fee to borrow. This fee never changes.

Loans through Square have an early repayment option, giving you even more repayment flexibility with no penalty.

Get Started with Square Loans

If you are eligible for Square Loans, you’ll need to check the Loans tab in your online Square Dashboard to see if you have an existing offer. If you have any questions about Square Loans, check out our Square Loans FAQ.

If you don’t see an offer, you aren’t currently eligible but we are always reviewing accounts for eligibility. Remember - the more you use Square, the more likely you are to become eligible for a Square Loans offer. Eligibility is based on a variety of factors related to your business, including its payment processing volume, account history and payment frequency.

Select and Accept your Offer

Click and drag the slider bar to select the amount that’s right for your business. As you slide across different loan amounts, the fee and hold rate will adjust accordingly. The lower the loan offer size you select, the lower the percentage of daily card sales used to repay your loan. Once you accept your offer, all fees are fixed.

Note: Numbers are for illustrative purposes only.

Square Loans Review Process

Once you have submitted your application, your request is sent over to the Square Loans team for review. We may request a few extra pieces of information from you during the review process. Check out this information from us to help you through the review process:

Repay your Loan

Your loan repayment will happen automatically through a fixed percentage of daily card sales. Learn more about Square Loans Repayment FAQ.

Numbers are for illustrative purposes only.

Additional Offers

Once you’ve completed payments on your first loan, you may become eligible for additional Square Loans. If you are eligible for additional Square Loans, you’ll follow the same steps to accept and pay back your loans. Find out more about Square Loans Eligibility FAQ.


© 2021 Squareup Pte Ltd (Singapore) and Square, Inc. (US)
Square, the Square Logo, Square Loans, and others are trademarks of Square, Inc. or its subsidiaries.

All loans are issued by Square AU Pty Ltd. Valid Australian bank account is required. Actual fee depends upon payment card processing history, loan amount and other eligibility factors. A minimum payment of 1/18th of the initial loan balance is required every 60 days and full loan repayment is required within 18 months. Loan eligibility is not guaranteed. Eligibility criteria include consistent and continuous payment card processing through Square. All loans are subject to credit approval. Terms and conditions apply.

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